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The Future of Payment Systems: Transitioning from REST to gRPC for Improved Efficiency and Security

Authors: Muditya Raghav;

The Future of Payment Systems: Transitioning from REST to gRPC for Improved Efficiency and Security

Abstract

The rapid growth and evolution of global payment systems have necessitated the adoption of innovative communication protocols to facilitate seamless, secure, and efficient transactions.This research paper examines the pressing need to transition from traditional REST APIs to gRPC (gRPC Remote Procedure Calls) within the global payment ecosystem. By providing a detailed analysis of the inherent limitations of REST APIs and the advantages offered by gRPC, this study emphasizes the benefits of adopting gRPC for improved performance, scalability, and overall efficiency in payment processing.Additionally, the paper highlights successful gRPC implementations in the financial sector, offering valuable insights into the potential of gRPC to revolutionize the global payment landscape.This research ultimately aims to encourage further exploration and adoption of gRPC, fostering a new era of innovation and growth in global payment systems

{"references": ["gRPC. (n.d.).What is gRPC ? Retrieved from https://grpc.io/docs/what-is-grpc/", "Google Developers. (n.d.).Protocol Buffers.Retrieved from https://developers.google.com/protocol-buffers", "Foundation for Interwallet Operability. (n.d.).FIO Protocol.Retrieved from https://developers.fioprotocol.io/", "PCI Security Standards Council. (n.d.).PCI Data Security Standard(PCI DSS).Retrieved from https://www.pcisecuritystandards.org/pci_security/", "European Commission. (n.d.).Data protection - Rules for the protection of personal data inside and outside the EU.Retrieved from https://ec.europa.eu/info/law/law-topic/data-protection_en"]}

Keywords

Payment System, gRPC

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popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
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This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
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